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Investments (Tables)
 9 Months Ended
Jan. 23, 2015
Investments [Abstract]  
Information Regarding Short-term and Long-term Investments
Information regarding the Company’s investments at January 23, 2015 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,880

 
$
88

 
$
(20
)
 
$
5,948

Auction rate securities
109

 
—

 
(10
)
 
99

Mortgage-backed securities
1,360

 
20

 
(5
)
 
1,375

U.S. government and agency securities
3,077

 
22

 
(7
)
 
3,092

Foreign government and agency securities
79

 
—

 
—

 
79

Certificates of deposit
42

 
—

 
—

 
42

Other asset-backed securities
497

 
2

 
—

 
499

Debt funds
2,954

 
6

 
(144
)
 
2,816

Marketable equity securities
40

 
24

 
(14
)
 
50

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
58

 
16

 
—

 
74

Cost method, equity method, and other investments
458

 
—

 
—

 
NA

Total
$
14,554

 
$
178

 
$
(200
)
 
$
14,074

Information regarding the Company’s investments at April 25, 2014 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,504

 
$
55

 
$
(17
)
 
$
5,542

Auction rate securities
109

 
—

 
(12
)
 
97

Mortgage-backed securities
1,337

 
7

 
(8
)
 
1,336

U.S. government and agency securities
3,138

 
7

 
(29
)
 
3,116

Foreign government and agency securities
67

 
—

 
—

 
67

Certificates of deposit
54

 
—

 
—

 
54

Other asset-backed securities
540

 
2

 
—

 
542

Debt funds
2,143

 
9

 
(29
)
 
2,123

Marketable equity securities
47

 
15

 
(13
)
 
49

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
54

 
13

 
—

 
67

Cost method, equity method, and other investments
666

 
—

 
—

 
NA

Total
$
13,659

 
$
108

 
$
(108
)
 
$
12,993
Information Regarding Available-for-sale and Trading Securities
Information regarding the Company’s condensed consolidated balance sheets presentation at January 23, 2015 and April 25, 2014 is as follows:
 
January 23, 2015
 
April 25, 2014
(in millions)
Investments
 
Other Assets
 
Investments
 
Other Assets
Available-for-sale securities
$
13,843

 
$
157

 
$
12,771

 
$
155

Trading securities
74

 
—

 
67

 
—

Cost method, equity method, and other investments
—

 
458

 
—

 
666

Total
$
13,917

 
$
615

 
$
12,838

 
$
821
Gross Unrealized Losses and Fair Values of Available-for-sale Securities that Have Been in a Continuous Unrealized Loss Position Deemed to be Temporary for Less than 12 Months and for More than 12 months, Aggregated by Investment Category
The following tables show the gross unrealized losses and fair values of the Company’s available-for-sale securities that have been in a continuous unrealized loss position deemed to be temporary, aggregated by investment category as of January 23, 2015 and April 25, 2014:
 
January 23, 2015
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
2,026

 
$
(18
)
 
$
34

 
$
(2
)
Auction rate securities
—

 
—

 
99

 
(10
)
Mortgage-backed securities
308

 
(2
)
 
234

 
(3
)
U.S. government and agency securities
381

 
(2
)
 
486

 
(5
)
Debt funds
2,816

 
(144
)
 
—

 
—

Marketable equity securities
9

 
(14
)
 
—

 
—

Total
$
5,540

 
$
(180
)
 
$
853

 
$
(20
)
 
April 25, 2014
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
1,601

 
$
(14
)
 
$
50

 
$
(3
)
Auction rate securities
—

 
—

 
97

 
(12
)
Mortgage-backed securities
682

 
(7
)
 
28

 
(1
)
U.S. government and agency securities
1,500

 
(27
)
 
46

 
(2
)
Debt funds
1,224

 
(29
)
 
—

 
—

Marketable equity securities
25

 
(13
)
 
—

 
—

Total
$
5,032

 
$
(90
)
 
$
221

 
$
(18
)
Activity Related to Short-term and Long-term Investment Portfolio
Activity related to the Company’s investment portfolio is as follows:
 
Three months ended
 
January 23, 2015
 
January 24, 2014
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
Proceeds from sales
$
1,478

 
$
208

 
$
1,280

 
$
35

Gross realized gains
10

 
99

 
—

 
26

Gross realized losses
(4
)
 
—

 
(3
)
 
—

Impairment losses recognized
—

 
(1
)
 
—

 
—

 
 
 
 
 
 
 
 
 
Nine months ended
 
January 23, 2015
 
January 24, 2014
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
Proceeds from sales
$
4,114

 
$
237

 
$
5,515

 
$
91

Gross realized gains
26

 
157

 
6

 
59

Gross realized losses
(9
)
 
—

 
(9
)
 
—

Impairment losses recognized
—

 
(22
)
 
—

 
—

(a) Includes available-for-sale debt securities.
(b) Includes marketable equity securities, cost method, equity method, exchange-traded funds, and other investments.
Schedule of Available-for-sale Securities Contractual Maturities
(in millions)
January 23, 2015
Due in one year or less
$
1,631

Due after one year through five years
6,487

Due after five years through ten years
2,847

Due after ten years
169

Total
$
11,134